In today’s session Nordstrom, Inc. (JWN) recorded an unusually high (198) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious JWN decrease. With 198 contracts traded and 8824 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: JWN170120P00042650 closed last at: $0.74 or 10.8% down. About 925,034 shares traded hands. Nordstrom, Inc. (NYSE:JWN) has declined 1.52% since March 8, 2016 and is downtrending. It has underperformed by 10.84% the S&P500.
Analysts await Nordstrom, Inc. (NYSE:JWN) to report earnings on November, 10. They expect $0.51 earnings per share, down 10.53% or $0.06 from last year’s $0.57 per share. JWN’s profit will be $87.52M for 26.74 P/E if the $0.51 EPS becomes a reality. After $0.67 actual earnings per share reported by Nordstrom, Inc. for the previous quarter, Wall Street now forecasts -23.88% negative EPS growth.
Nordstrom, Inc. (NYSE:JWN) Ratings Coverage
Out of 21 analysts covering Nordstrom Inc. (NYSE:JWN), 8 rate it a “Buy”, 3 “Sell”, while 10 “Hold”. This means 38% are positive. $92 is the highest target while $34 is the lowest. The $52.68 average target is -3.41% below today’s ($54.54) stock price. Nordstrom Inc. has been the topic of 59 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Northcoast downgraded the stock to “Sell” rating in Monday, March 7 report. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, February 19. The firm has “Neutral” rating given on Monday, March 21 by Piper Jaffray. The rating was maintained by Deutsche Bank on Friday, October 2 with “Buy”. The rating was maintained by UBS on Friday, August 12 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 13. The stock of Nordstrom, Inc. (NYSE:JWN) earned “Buy” rating by Deutsche Bank on Monday, August 17. The firm has “Buy” rating by Maxim Group given on Thursday, June 16. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, February 19. Topeka Capital Markets maintained it with “Buy” rating and $50 target price in Friday, May 13 report.
According to Zacks Investment Research, “Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.09, from 0.97 in 2016Q1. The ratio improved, as 85 funds sold all Nordstrom, Inc. shares owned while 148 reduced positions. 66 funds bought stakes while 180 increased positions. They now own 105.26 million shares or 3.95% less from 109.60 million shares in 2016Q1.
Td Asset Mgmt, a Ontario – Canada-based fund reported 81,812 shares. Mufg Americas reported 21,375 shares or 0.03% of all its holdings. Fmr Limited Liability Corporation accumulated 0% or 84,648 shares. Ledyard Savings Bank holds 0.01% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 744 shares. Cadence Cap Limited holds 38,423 shares or 0.11% of its portfolio. Winslow Asset Incorporated accumulated 1.03% or 120,901 shares. The Netherlands-based Pensionfund Dsm Netherlands has invested 0.3% in Nordstrom, Inc. (NYSE:JWN). Hightower Advsr Limited Liability Co has 0.01% invested in the company for 26,759 shares. Pinnacle Finance Inc accumulated 0.1% or 10,394 shares. The Minnesota-based Gradient Ltd Company has invested 0% in Nordstrom, Inc. (NYSE:JWN). Royal Bank Of Canada last reported 649,829 shares in the company. Blackrock Gru Limited accumulated 1.15 million shares or 0.02% of the stock. The Oregon-based Becker Capital Management Incorporated has invested 0.64% in Nordstrom, Inc. (NYSE:JWN). Nomura Inc last reported 0% of its portfolio in the stock. State Treasurer State Of Michigan last reported 44,600 shares in the company.
Insider Transactions: Since September 23, 2016, the stock had 0 insider purchases, and 3 insider sales for $1.24 million net activity. Shares for $274,040 were sold by LITTLE DANIEL F.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company has a market cap of $9.36 billion. The firm operates through two divisions: Retail and Credit. It has a 23.21 P/E ratio. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance.
JWN Company Profile
Nordstrom, Inc., incorporated on October 28, 1946, is a fashion specialty retailer in the United States. The Company’s divisions include Retail, Credit and Corporate/Other. The Firm operates approximately 320 United States stores located in over 40 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com. It also operates approximately three Nordstrom full-line stores in Canada. In addition, the Company offers its clients a Nordstrom Rewards loyalty program along with a range of payment services and products, including credit and debit cards.
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